About the Impact and Suggestions Regarding Powell's Speech Tonight

Tonight at 22:00, Federal Reserve Chairman Powell will deliver a keynote speech at the Jackson Hole Global Central Bank Conference, which is highly anticipated by the market.

If Powell's remarks lean hawkish, such as delaying interest rate cuts, it may trigger a sharp drop in BTC to below 110,000. Historical data shows that Powell's previous hawkish statements have led to significant declines in the prices of cryptocurrencies like Bitcoin. Conversely, if he releases dovish signals, such as clarifying a path for rate cuts, it could drive a rebound in risk assets.

Hao suggests that in the face of this highly uncertain event regarding Powell's speech, there is no need to speculate; this situation is most fearful of both long and short positions being wiped out! It’s better to stay out and observe. With capital in hand, there are daily opportunities, and it is more prudent to make decisions after the market situation becomes clearer. #BTC